Existing home sales data for December has been posted by NAR, the National Association of Realtors. The overall picture, both nationally and regionally, looks good. Nationally, the seasonally adjusted annual number of sales is down 7.9% from a year ago, but the median sales price didn't post a decline, holding steady at $222,000, the same as Dec. '05. Here in the northeast, the number of sales is down 5.5% from a year ago, but the median sales price is actually up 3.7% from Dec. '05. Overall, it looks like pretty soft landing in real estate from the frenzied peaks.
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